381 Greendale DrValparaisoIN46385
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow381 Greendale Dr, Valparaiso, IN, 46385 in Valparaiso is a top-tier cash-flow asset. At $294,000 it produces $2,890/mo in rent and $1,125/mo in net monthly income, a 11.79% gross rental yield. The DSCR of 2.07 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $13,497. Five-year appreciation adds $81,227, driving a total cumulative return of $178,139.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 6.1% |
| Monthly Cash Flow | $1,125 | $420 |
City averages based on Valparaiso market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,890 |
| Total Monthly Debt Service | $1,720 |
| DSCR Ratio | 1.68x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1963
10,031 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
Nearby investment properties with comparable rents
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Spizzirri-Mercado • McColly Real Estate
Mls Name: NIRA as distributed by MLS GRID
Mls Provider:
Mls ID: #847231
